KACHTAX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KACHTAX
Largest movements
- Tangible fixed assets -€13,383
down €13,383 (-27.9%), from €47,982 to €34,599
- Cash -€8,354
down €8,354 (-49.0%), from €17,061 to €8,707
mainly Debts after one year (-€27,248) and Trade debts (-€11,650)
- Deferred charges and accrued income +€2,466
up €2,466 (+39.6%), from €6,224 to €8,689
- Receivables within one year -€2,159
down €2,159 (-3.7%), from €58,456 to €56,297
of which Trade receivables: -€41,606
- Debts after one year -€27,248
down €27,248 (-64.8%), from €42,026 to €14,778
- Current portion of long-term debt +€18,454
up €18,454, from €0 to €18,454
- Trade debts -€11,650
down €11,650 (-51.6%), from €22,588 to €10,938
- Short-term financial debts +€4,307
new in 2025: €4,307
- Profit (loss) carried forward -€3,479
down €3,479 (-14.1%), from €24,675 to €21,196
- Gross operating margin -€45,807
down €45,807 (-31.4%), from €146,044 to €100,237
- Staff costs -€32,711
down €32,711 (-30.9%), from €105,909 to €73,198
- Other operating charges +€10,504
up €10,504 (+393%), from €2,673 to €13,177
- Financial charges -€2,551
down €2,551 (-49.8%), from €5,123 to €2,572
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,763 | €108,332 | -€21,431 | -16.5% |
| Fixed assets | 21/28 | €48,022 | €34,639 | -€13,383 | -27.9% |
| Tangible fixed assets | 22/27 | €47,982 | €34,599 | -€13,383 | -27.9% |
| Furniture and vehicles | 24 | €47,982 | €34,599 | -€13,383 | -27.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €81,741 | €73,693 | -€8,048 | -9.8% |
| Amounts receivable within one year | 40/41 | €58,456 | €56,297 | -€2,159 | -3.7% |
| Trade receivables | 40 | €41,719 | €113 | -€41,606 | -99.7% |
| Other amounts receivable | 41 | €16,737 | €56,184 | +€39,447 | +236% |
| Cash at bank and in hand | 54/58 | €17,061 | €8,707 | -€8,354 | -49.0% |
| Deferred charges and accrued income | 490/1 | €6,224 | €8,689 | +€2,466 | +39.6% |
| Total equity and liabilities | 10/49 | €129,763 | €108,332 | -€21,431 | -16.5% |
| Equity | 10/15 | €47,481 | €44,002 | -€3,479 | -7.3% |
| Reserves | 13 | €22,806 | €22,806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,806 | €22,806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,806 | €22,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,675 | €21,196 | -€3,479 | -14.1% |
| Amounts payable | 17/49 | €82,282 | €64,330 | -€17,952 | -21.8% |
| Amounts payable after more than one year | 17 | €42,026 | €14,778 | -€27,248 | -64.8% |
| Financial debts | 170/4 | €42,026 | €14,778 | -€27,248 | -64.8% |
| Amounts payable within one year | 42/48 | €40,256 | €49,552 | +€9,296 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €18,454 | +€18,454 | |
| Financial debts | 43 | - | €4,307 | +€4,307 | |
| Credit institutions | 430/8 | - | €4,307 | +€4,307 | |
| Trade debts | 44 | €22,588 | €10,938 | -€11,650 | -51.6% |
| Suppliers | 440/4 | €22,588 | €10,938 | -€11,650 | -51.6% |
| Taxes, remuneration and social security | 45 | €17,668 | €15,852 | -€1,816 | -10.3% |
| Taxes | 450/3 | €2,634 | €2,439 | -€194 | -7.4% |
| Remuneration and social security | 454/9 | €15,035 | €13,413 | -€1,621 | -10.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €5,366 | €0 | -€5,366 | -100% |
| Remuneration, social security and pensions | 62 | €105,909 | €73,198 | -€32,711 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,383 | €13,383 | = | 0.0% |
| Other operating charges | 640/8 | €2,673 | €13,177 | +€10,504 | +393% |
| Gross operating margin | 9900 | €146,044 | €100,237 | -€45,807 | -31.4% |
| Operating profit (loss) | 9901 | €24,079 | €479 | -€23,600 | -98.0% |
| Financial income | 75/76B | €327 | €32 | -€295 | -90.2% |
| Recurring financial income | 75 | €327 | €32 | -€295 | -90.2% |
| Financial charges | 65/66B | €5,123 | €2,572 | -€2,551 | -49.8% |
| Recurring financial charges | 65 | €5,123 | €2,572 | -€2,551 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €19,283 | -€2,061 | -€21,344 | |
| Income taxes | 67/77 | €0 | €1,418 | +€1,418 | |
| Profit (loss) for the period | 9904 | €19,283 | -€3,479 | -€22,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,283 | -€3,479 | -€22,762 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.